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Canadian Dollar/Mexican Peso

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CADMXN trade ideas

Divergence opportunityHello people, A good opportunity for a long position... If you know what you are looking at It's a risky trade, but with a good potential for a pullback I have entered a full position on the green line, because its a risky position, I always leave another half position ready to enter in another level, in case the divergence gets a bit longer and the price drops a bit more. NOTE: It's a pullback Risky trade, the main direction of the trade is to keep going down, but I believe there's a good opportunity. Cheers
Long
by ramon1981
View on CAD/MXN (22/12)I am seeing possible bearishness in this exotic pair. Wait for price to retrace slightly higher before looking to short it. target level - 15.41 Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. I am not responsible for any liabilities arising from the result of your market involvement or individual trade activity
Short
by imjmesl
1
Potential Buy in Canadian dollar mexican peso.Based on 5 year analysis it seems like the cadmxn trade is a great long term investment they have been in a very consistent upward trend since 2006. i added the pivot points in order to see what is currently going on. it is struggling to fall under the red pivot point. i believe this will be a buy since it seems like its going to bounce off that pivot point into the green square area. if it beats the green pivot point than i am expecting a bull run. i recommend selling short if the spot price falls under the red pivot point and red square area. Returning and buying once it surpasses those same green pivot points. Please leave any feed back ! are you buying or selling?
Long
by cortes5150